Sunwoda Electronic cancels unexercised stock options from 2022 plan

Sunwoda Electronic Co., Ltd. announced the completion of the cancellation of 250,000 unexercised stock options from its 2022 restricted stock and stock option incentive plan. The decision was made following the expiration of the second exercise period for the pre-granted stock options on November 28, 2025. This action was approved by the company's sixth board of directors and sixth board of supervisors on December 2, 2025.

The cancelled stock options pertain to the pre-granted portion of the incentive plan, where participants failed to exercise their rights by the deadline. According to a detailed summary provided by the securities company, 250,000 stock options remained unexercised. The company had previously disclosed its intention to cancel these options on December 4, 2025, via the ChiNext information disclosure website.

The China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, confirmed that the cancellation process for these stock options was fully completed on December 9, 2025. Sunwoda Electronic emphasized that this cancellation will not affect the company's total share capital or its capital structure.